Pros
When AMD is focused on a program, funding is always available to support it. If you need resources to complete a program, they are generally made available. If you are interested in learning everything there is to know about semiconductors, software development, and computer architecture, AMD provides you with more than enough opportunity.
Cons
Layoff after layoff for the last 6 years. Staff reductions are typically 10 - 15% each year. Awards and promotions are typically reserved for Management level and above. It's almost impossible to advance out of a technician position and if you do, it takes at least 10 years. Management does not interact with employees outside of their individual groups and they are always trying to protect their positions - often at the expense of their subordinates.